Jignesh Shah – Visionary Entrepreneur Behind MCX & 63 Moons

Pioneer of technology-driven financial markets in India, founder of MCX and 63 Moons Technologies.

Who Is Jignesh Shah

Jignesh Shah is a name that transformed India’s financial landscape. Best known as the founder of the Multi Commodity Exchange (MCX) and 63 Moons Technologies, Shah’s vision was to merge finance with technology and create platforms that empower people. His work brought transparency, efficiency, and global recognition to Indian markets.

Born with an engineering background, Jignesh Shah started his career with a passion for technology and markets. Unlike others in finance, he believed that technology could democratize access to trading and help every stakeholder — from farmers to businesses.

His entrepreneurial journey is marked by groundbreaking innovations that shaped the way financial markets operate in India.

Jignesh Shah and MCX

In 2003, Shah launched the Multi Commodity Exchange of India (MCX). Until then, commodity trading in India lacked structure, leaving farmers and traders without a transparent price discovery system.

With Jignesh Shah MCX, things changed:

Farmers gained access to fair pricing.
Traders and businesses could hedge risks efficiently.
India became home to one of the top global commodity exchanges.

MCX soon became India’s largest commodity exchange, helping lakhs of stakeholders benefit from technology-driven trading.

Jignesh Shah and 63 Moons Technologies

After the success of MCX, Shah founded 63 Moons Technologies Limited (earlier Financial Technologies India Ltd). His vision was to build digital infrastructure for multiple asset classes — commodities, equities, currencies, and more.

Jignesh Shah 63 Moons quickly gained recognition for:

Building robust financial software solutions.
Creating exchange ecosystems in India and abroad.
Driving financial inclusion with technology.

This company became a powerhouse of financial innovation and established Shah as a true technology entrepreneur.

Innovation at the Core

What makes Jignesh Shah unique is his approach to innovation. Where others saw challenges, he saw opportunities.

Through MCX, he gave small traders and farmers access to modern markets. Through 63 Moons, he brought world-class financial technology to India. His focus was always on inclusive growth and digital empowerment.

Jignesh Shah Images

Challenges and Resilience

Like every visionary, Jignesh Shah faced significant challenges on his journey. Introducing world-class, technology-driven exchanges in India was not easy, as it disrupted traditional practices and attracted resistance. Over the years, he encountered regulatory hurdles and legal battles that tested his determination.

However, what defines Shah is his resilience. Instead of being discouraged, he stayed committed to his mission of building inclusive, transparent, and technology-powered markets. His belief in innovation and the strength of the institutions he created ensured that both MCX and 63 Moons Technologies continued to grow and serve millions of people.

Even in the toughest times, Shah’s vision remained steady. He proved that challenges can be transformed into opportunities with persistence and courage. His journey is an inspiration for entrepreneurs, showing that true success is not only about achievements but also about enduring difficulties with unwavering determination.

Contributions to India’s Financial Ecosystem

The initiatives of Jignesh Shah reshaped India’s financial markets and left a lasting impact on the economy. Through the creation of MCX, he introduced transparent and fair price discovery, helping farmers, traders, and businesses access reliable market information. By providing risk management tools, Shah empowered stakeholders to protect themselves from uncertainties in commodity prices.

His vision extended beyond India, as the institutions he founded gave the country global recognition in the world of exchanges. With 63 Moons Technologies, he built cutting-edge financial platforms that modernized market infrastructure and made advanced systems accessible to a wider audience.

Perhaps most importantly, Shah’s efforts promoted financial inclusion. By leveraging technology, he enabled small businesses, rural communities, and everyday traders to participate in markets that were previously inaccessible. His contributions reflect the true spirit of innovation — using technology to empower people and strengthen India’s financial ecosystem.

Legacy of Jignesh Shah

Today, whether you talk about Jignesh Shah MCX or Jignesh Shah 63 Moons, both represent innovation and progress. The institutions he built are proof of how technology can transform markets and empower millions.

For young entrepreneurs, Shah’s journey is an inspiration — teaching the value of thinking differently, embracing technology, and staying strong through challenges.

Jignesh Shah as a Visionary Leader

Beyond being a successful entrepreneur, Jignesh Shah is regarded as a visionary who reshaped the way India approaches financial markets. His goal was never limited to creating profitable companies — he wanted to build platforms that empowered ordinary people, from farmers to small traders. By integrating technology with finance, he opened new opportunities for participation and inclusion. His leadership proved that innovation, when combined with the right vision, can bring long-term benefits to society.

Lasting Influence and Inspiration

The legacy of Jignesh Shah continues to inspire young entrepreneurs and professionals across India. The institutions he built, such as MCX and 63 Moons Technologies, remain strong examples of how bold ideas can change industries. His journey teaches the importance of resilience, adaptability, and the courage to think differently. More than a business leader, Shah is seen as a symbol of empowerment and progress, leaving behind a lasting influence on India’s financial ecosystem.

Media Section

Popular FAQs on Jignesh Shah, MCX & 63 Moons

1. What awards and recognitions has Jignesh Shah received?
Jignesh Shah has been honored with multiple prestigious accolades, including the Ernst & Young Entrepreneur of the Year award for Business Transformation, Indian Express Innovation Award, recognition as a Young Global Leader by the World Economic Forum, and inclusion in the Hall of Fame of CLSA's Top 20 Indians who can change the world.

2. When was Financial Technologies (FTIL) renamed to 63 Moons Technologies?
FTIL officially changed its name to 63 Moons Technologies Limited on May 27, 2016, to reflect its expanded vision as a digital innovation powerhouse.

3. What other exchanges and products did Jignesh Shah’s group develop?
Beyond MCX, the group launched ventures like the Indian Energy Exchange (IEX), Dubai Gold & Commodities Exchange (DGCX), Singapore Mercantile Exchange (SMX), and Bourse Africa. It also developed products such as ODIN, DOME, TickerPlant, Atom Technologies, and Risk Solutions.

4. What is ODIN, and why is it significant?
ODIN is a stock and commodity trading software developed under Shah’s leadership. It became India’s dominant trading platform, holding over 80% market share among retail brokers and playing a key role in bringing local brokerage into digital trading.

5. What was the resolution in the NSEL (National Spot Exchange Limited) case?
In March 2025, 63 Moons agreed to a one-time settlement of ₹1,950 crore with NSEL claimants, effectively concluding legal proceedings. Funds will be disbursed under escrow and supervised by a monitoring authority.

6. What role did Jignesh Shah have in MCX’s creation and early years?
Shah founded the Multi Commodity Exchange (MCX) in 2003 and served as its Managing Director. In 2024, a special court accepted the closure report in a case alleging irregular status for MCX, clearing him of wrongdoing in that matter.

7. How does 63 Moons engage with cybersecurity?
63 Moons has ventured into cybersecurity with products like CYBX (mobile security), 63 SATS (enterprise protection), and CYBERDOME (digital defense for cities and states), supported by a decentralized SOC and franchise network across India.

8. Does 63 Moons plan to launch a cryptocurrency exchange?
No. While 63 Moons has shown interest in India’s crypto ecosystem, its venture, CryptoWire, is an educational and research platform described as a “super app,” not a cryptocurrency exchange.

Contact Us

Corporate Office: 63 Moons technologies Limited

FT Tower, CTS No. 256 & 257

Suren Road, Chakala, Andheri East

Mumbai – 400 093 India

Phone: +91-2266861010

Page updated

Google Sites

Report abuse